Expanding business scope of wholly foreign invested company in Vietnam
To implement the plan of business expansion in Vietnam, foreign invested company (FIC) has to amend of its Investment Certificate in Vietnam authority. Under Vietnam Law on Investment, in order to obtain License for expansion of business scope, foreign investor must also considered following factors: - Business operation results from the most recent year must […]
Core Elements for establishing a Foreign Invested Company in Vietnam
The establishment of the new company requires an Investment Certificate from the licensing authority. We would like to clarify that the procedure for establishment of a foreign invested company in Vietnam generally takes a rather long time in comparison with other countries in the region. Our practical experiences show that although the total time for […]
Establishment of foreign invested company in the field of advertisement services in Vietnam
(SB Law) According to the Center Product Classification System of United Nation, Advertisement Services are classified to CPC 871. With respect to services classified to CPC 871, under Vietnam WTO’s Commitments, it is provided that, foreign investor making investment in the field of advertisement services must joint venture with a Vietnamese Partner who has been granted right to operating […]